M&A TRANSACTION · 2024
Metro Physical & Aquatic Therapy (Metro MSO) acquired by U.S. Physical Therapy (USPH)
$76.5M· 12.8x EBITDA· 2.40x revenue
Target
Metro Physical & Aquatic Therapy (Metro MSO)
Long Island, NY
Management services organization providing management and administrative services to 50 physical therapy clinics in Long Island, NY
Acquirer
U.S. Physical Therapy (USPH)
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$64.0M
EBITDA
$12.0M
Deal Value
$76.5M
EV/EBITDA
12.8x
Context
This $76.5M acquisition of Metro Physical & Aquatic Therapy (Metro MSO) by U.S. Physical Therapy (USPH) sits in the physical therapy sub-vertical. The 12.8x EBITDA multiple paid in 2024 can be compared against the population median for physical therapy transactions of similar size on our Physical Therapy valuation hub. U.S. Physical Therapy (USPH) is acquiring as a strategic buyer; see how strategic acquirers typically price physical therapy businesses on our Physical Therapy strategic buyer-pool page.
Source
Data sourced from USPH Press Release / Livingstone — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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